I avoid social events unless I think they are good for my bank balance
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My life motto has always been: Buy what you need, and invest the rest. This attitude towards money has helped me accumulate over £100,000 in retirement savings since my mid-20s from a workplace and private pension. I’m 32 now but I aim to retire by 58 with a pension pot of at least £500,000. I’ll use this pot to purchase a retirement cottage and perhaps go on European cruises.
![[Samson Dada - I have accumulated six-figures in retirement saving investments in my 30s]](https://metro.co.uk/wp-content/uploads/2025/01/SEI_234822215-e696.jpg?quality=90&strip=all&w=646)
Reports that millions of pensioners are living in poverty and that most of us are not saving enough for our retirement terrifies me. That is why I am taking action to avoid financial hardship in later life. My careful handling of money particularly developed at university from October 2011.
![[Samson Dada - I have accumulated six-figures in retirement saving investments in my 30s]](https://metro.co.uk/wp-content/uploads/2025/01/SEI_234822219-aee7.jpg?quality=90&strip=all&w=646)
Receiving maintenance grants was the first time I saw four-figure sums enter my bank account. This was when I decided I would never take money for granted. I had some casual shifts at university working as a student brand ambassador on open days, which helped me earn some extra cash.
![[Samson Dada - I have accumulated six-figures in retirement saving investments in my 30s]](https://metro.co.uk/wp-content/uploads/2025/01/SEI_234822194-fef4.jpg?quality=90&strip=all&w=646)
But it was in my first job as a press officer in 2015 when I received my first pension statement that I became interested in pensions. Seeing the estimated value of my pension in retirement inspired me to boost my contributions to have a comfortable retirement.
Today, as it currently stands, my income is over £4,000 per month. This is made up of roughly £3,000 from employment (minus workplace pension contributions), £500 from my bank savings interest and at least £500 from investing in undervalued stocks – which I started following in 2015.
